Cypriot based forex broker FXCC, has recently won the World Finance, best STP broker award. An STP broker, or a Straight Through Processing broker, is the description given to a broker who once they receive a client’s order, will immediately pass on the order directly to their liquidity provider. STP is considered, when combined with […]
FXCC wins best STP broker award from World Finance. Read More »
FX analysts and traders will concentrate their focus on the latest GDP figures for the USA economy, when the data is published at 12:30pm U.K. time, on Thursday March 28th. The general consensus reached, after news agencies such as Reuters and Bloomberg have polled their separate panel of economists, is for a fall to 2.4%
Asian equity markets sold off during the Sydney-Asian trading sessions, as global recession fears stalked markets in: Japan China and Australia. The Nikkei slumped by -3%, Shanghai Composite by -1.97% and the ASX 200 by -1.11%. This pattern followed a sell off, in European and USA equity markets, on Friday March 22nd, which saw up
Global recession fears rise, as bond yields invert and Asian equities slump Read More »
Monday’s significant calendar events begins the week with the latest IFO: business climate, expectations and current assessment sentiment readings, for the German economy. Coming so soon after the poor Markit PMI readings of Friday 22nd of March (for the Eurozone’s largest economy) missed the forecasts by some distance, the results will be carefully monitored when
The trading week ending March 8th, finished with a shock statistic; the latest NFP jobs data for February (from the USA’s BLS), revealed that only 20,000 jobs were created during the month. The main USA equity indices sold off on the news, capping a week of losses, with all sessions, from Monday to Friday, closing
Yesterday the preliminary flash GDP for the euro zone had shown that the economic growth was on a slower pace than expected in the 2nd quarter, mostly caused by the fears over a trade war with the United States. According to Eurostat, the estimated GDP in the euro zone expanded 0.3% for the April to
Euro zone growth slowed down again by trade war fears Read More »
On Thursday January 25th, at 12:45pm U.K. (GMT) time, the Eurozone’s Central Bank the ECB, will announce their latest decision regarding the E.Z.’s interest rate. Shortly after (at 13:30pm), Mario Draghi, the president of the ECB, will hold a press conference in Frankfurt, to outline the reasons for the decision. He’ll also deliver a statement
The euro fell versus the majority of its peers during Monday’s sessions, analysts at leading banks suggested that the reason for the fall was two fold, firstly; lack lustre inflation data for the Eurozone published on Friday, suggests that the ECB won’t aggressively taper the asset purchase programme in 2018. Secondly; profit taking, as many
Last week ended with the publication of disappointing NFP jobs numbers from the USA; coming in at 148k, versus expectations of circa 190k. A peculiar number suggesting that retailers, working on ever tightening margins, laid off employees earlier than expected during the Xmas season. The unemployment rate remained unchanged at 4.1%, whilst the underemployment rate,
We all decide to enter the world of forex trading with a goal in mind. That goal might be to boost the insufficient returns we receive from a basic savings, deposit account. Or we may view the industry as an opportunity to change careers; firstly by trading part time, with the ambition and vision to
The importance of creating your Trading goals to reach your vision of success Read More »
